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Property profile & analytics
OFF-MARKET Estimated value $670,000
Office buildings

10 Rte 31st N Pennington, NJ 08534-1606

4,616 SF 4.83 ac lot
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1553130
Property summary
AI-generated overview

This exceptional Class A office space, located at 10 N Route 31 N Unit 200 in Pennington, NJ, offers 4.83 acres of land and boasts a prime location with high visibility on Route 31. Currently configured as a second-floor suite with six windowed offices, two bathrooms, and a pantry area, along with a large open space, this versatile property is adaptable to various tenant needs and can be reconfigured to suit specific requirements. The suite features a private entrance with a dedicated elevator, ensuring convenient and independent access. Accessibility is ensured through handicap-accessible features. Tenants benefit from the inclusion of a large, 54-seat multimedia conference room and a shared kitchen, providing ample space for meetings and collaborative work. A separate entrance adds to the privacy and convenience of this space. The building is home to prestigious tenants, including Global Neurosciences Institute, Jag-One Physical Therapy, and Axiva Infusion Centers, establishing a high-quality professional environment. For the right tenant, subdivision of the space is a possibility. This property presents a unique opportunity for businesses seeking a prestigious and well-equipped office space in a highly visible location. The ample acreage offers significant potential for future expansion or development.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Total area 4,616 SF
Lot 4.83 ac (210,264 SF)
Zoning code O-B
APN 08 00201-0000-00005
UPID US59-1553130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
$680k
Comparable Approach Comparable
$910k
Blend (final) Blend
$670k
Owner & transaction history
Scope Flp Pennington Sm LLC · 6 yrs held
Scope Flp Pennington Sm LLC
since 2019
1 recorded transaction
2019
$3.5M
Zoning & alternative use
O-B · Pennington, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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